Transocean Ltd. (NYSE:RIG - Free Report) - Equities researchers at Zacks Research dropped their Q1 2025 EPS estimates for shares of Transocean in a note issued to investors on Wednesday, April 2nd. Zacks Research analyst N. Choudhury now forecasts that the offshore drilling services provider will post earnings of ($0.11) per share for the quarter, down from their previous estimate of ($0.04). The consensus estimate for Transocean's current full-year earnings is $0.14 per share. Zacks Research also issued estimates for Transocean's FY2025 earnings at ($0.01) EPS, Q3 2026 earnings at $0.08 EPS and FY2026 earnings at $0.17 EPS.
Transocean (NYSE:RIG - Get Free Report) last issued its earnings results on Monday, February 17th. The offshore drilling services provider reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.11). The company had revenue of $952.00 million during the quarter, compared to analyst estimates of $962.28 million. Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%.
A number of other brokerages have also commented on RIG. Morgan Stanley cut their price target on Transocean from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. TD Cowen reduced their target price on shares of Transocean from $6.50 to $5.50 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Barclays decreased their price target on shares of Transocean from $4.00 to $3.50 and set an "overweight" rating for the company in a research report on Monday. Citigroup reduced their price objective on shares of Transocean from $4.50 to $3.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Finally, SEB Equity Research set a $2.80 target price on Transocean in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $4.98.
Read Our Latest Analysis on Transocean
Transocean Price Performance
Shares of NYSE RIG traded up $0.08 during mid-day trading on Monday, hitting $2.25. 53,516,473 shares of the stock traded hands, compared to its average volume of 23,723,585. The company has a market cap of $1.98 billion, a PE ratio of -3.08, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29. Transocean has a twelve month low of $1.97 and a twelve month high of $6.45. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.47 and a quick ratio of 1.34. The firm has a 50 day simple moving average of $3.08 and a two-hundred day simple moving average of $3.75.
Institutional Trading of Transocean
Hedge funds have recently modified their holdings of the stock. Twin Tree Management LP acquired a new stake in Transocean in the fourth quarter worth $27,000. Parallel Advisors LLC grew its stake in shares of Transocean by 154.8% in the 1st quarter. Parallel Advisors LLC now owns 8,810 shares of the offshore drilling services provider's stock valued at $28,000 after buying an additional 5,353 shares during the period. Optiver Holding B.V. grew its stake in shares of Transocean by 53.6% in the 4th quarter. Optiver Holding B.V. now owns 8,400 shares of the offshore drilling services provider's stock valued at $32,000 after buying an additional 2,933 shares during the period. Blue Trust Inc. increased its position in Transocean by 96.2% in the 4th quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider's stock valued at $37,000 after buying an additional 4,826 shares in the last quarter. Finally, Adero Partners LLC acquired a new position in Transocean during the 4th quarter worth approximately $38,000. Institutional investors own 67.73% of the company's stock.
Insiders Place Their Bets
In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $3.85, for a total transaction of $84,700.00. Following the transaction, the executive vice president now directly owns 313,072 shares in the company, valued at approximately $1,205,327.20. This represents a 6.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.16% of the company's stock.
Transocean Company Profile
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Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters.
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